I have received a number of requests for more information about EVALS and since today marks two months since I launched the service, it seems like an appropriate time to fill in some of the blanks.
As EVALS is a volatility-based system, it has been challenged by some of the recent unprecedented volatility extremes. I was pleased to note, however, that last Thursday EVALS used several volatility signals to enter multiple new aggressive long positions. These positions have been quite profitable and are in large part the reason why EVALS is significantly outperforming the S&P 500 index this month.
In the two months since EVALS was launched, the volatility-based ETF trading approach has entered a total 17 trades, 10 of which have been closed (3 winners; 7 losers) and 7 of which are still open (5 winners; 2 losers). These 17 positions cut across a large cross-section of ETF investment opportunities and have included long and short positions in:
- sectors (OIH, XHB, XME, PBW, KBE, IBB)
- countries (EWT, EWH, EWZ)
- broad-based indices (QLD, UWM)
- bonds (TLT, LQD)
- currencies (FXA, UDN)
- commodities (DIG)
- real estate (URE)
The graphic below summarizes performance for EVALS and the S&P 500 index for the post-launch portion of August, the full month of September, and October through the 20th. In short, EVALS lagged the SPX by 3.34% in the last 10 days of August, but beat the index by 2.90% in September and is ahead by 5.33% in August. The aggregate performance since inception shows EVALS down 17.77%, but 4.70% ahead of the SPX, which has lost 22.47% during the same period.
If anyone has any questions about EVALS, please feel free to email me at bill.luby@gmail.com
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